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ICO Group Limited M&A Activity 2015

Dec 29, 2015

49938_rns_2015-12-29_0d0176fe-7f84-4fb6-9f2f-3bd769c10523.pdf

M&A Activity

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Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

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(Incorporated in Bermuda with limited liability)

(Stock Code : 630)

COMPLETION OF MAJOR TRANSACTION: ACQUISITION OF THE ENTIRE ISSUED CAPITAL OF BFG

References are made to the announcements of AMCO United Holding Limited (“ Company ”) dated 6 October 2015 and 21 December 2015 and the circular of the Company dated 4 December 2015 (“ Circular ”) in relation to the acquisition of the entire issued share capital of Bonus First Group Limited. Capitalised terms used herein shall have the same meanings as defined in the Circular unless otherwise defined.

The Board is pleased to announce that all of the conditions precedent set out in the SP Agreement had been fulfilled and Completion took place on 29 December 2015.

Immediately after Completion, BFG will become a wholly-owned subsidiary of the Company and the financial results of BFG will be consolidated with the results of the Group.

On behalf of the Board

AMCO United Holding Limited YIP Wai Lun, Alvin

Chairman and Managing Director

Hong Kong, 29 December 2015

As at the date of this announcement, Mr. Yip Wai Lun, Alvin, Mr. Cheng Kin Chor and Mr. Leung Kelvin Ming Yuen are the executive Directors; and Mr. Wong Siu Ki, Mr. Chan Ngai Sang Kenny and Mr. Li Kwok Fat are the independent non-executive Directors.

  • For identification purposes only